v3.26.1
Fair Value Measurements (Tables)
 6 Months Ended
Jun. 30, 2026
Fair Value Disclosures [Abstract]  
Schedule of Financial Assets and Liabilities on Recurring Basis
The following tables set forth the fair value of the Company’s financial assets and liabilities measured on a recurring basis by level within the fair value hierarchy:
June 30, 2026
Level ILevel IILevel IIITotal
(In thousands)
Financial Assets:
Cash equivalents and investments (1)
$2,490 $2,995 $— $5,485 
Restricted time deposit (2)
— 946 — 946 
Severance pay fund deposits (2)
— 3,758 — 3,758 
Foreign currency forward contract (3)
— 534 — 534 
Total financial assets$2,490 $8,233 $— $10,723 
Financial Liabilities:
Foreign currency forward contract (4)
— 76 — 76 
Total financial liabilities
$— $76 $— $76 
December 31, 2025
Level ILevel IILevel IIITotal
(In thousands)
Financial Assets:
Cash equivalents and investments (1)
$18,602 $26,901 $— $45,503 
Restricted time deposit (2)
— 1,477 — 1,477 
Severance pay fund deposits (2)
— 5,158 — 5,158 
Foreign currency forward contract (3)
— 383 — 383 
Total financial assets$18,602 $33,919 $— $52,521 
Financial Liabilities:
Foreign currency forward contract (4)
— 15 — 15 
Total financial liabilities
$— $15 $— $15 
_____________________
(1)Money market securities are valued using Level I of the fair value hierarchy, while the fair values of commercial paper and corporate bonds are considered Level II and are obtained from independent pricing services, which may use various methods, including quoted prices for identical or similar securities in active and inactive markets. See Note 3 for additional detail relating to the Company’s fixed income securities by balance sheet location.
(2)Recorded within other assets.
(3)Recorded within prepaid expenses and other current assets.
(4)Recorded within accrued and other current liabilities.
Schedule of Carrying Value and Estimated Fair Value of Convertible Notes The following table summarizes the carrying value and the estimated fair value of the Senior Secured Notes, based on Level II measurements of the fair value hierarchy:
June 30, 2026
Principal AmountEstimated Fair Value
(In thousands)
10% Senior Secured Notes
$628,226$304,690